FCCC/CP/2011/9/Add.1
17
Also recalling Article 1, paragraph 1, Article 3, paragraph 1, and Article 4,
paragraphs 1, 2(a), 3, 7, 8 and 10, of the Convention,
Affirming the need to maintain consistency with the principles and commitments of
the Convention, particularly that Parties should protect the climate system in accordance
with their common but differentiated responsibilities and respective capabilities,
Undertaking to maintain and build upon the existing flexibility mechanisms
established under the Kyoto Protocol,
Recognizing the role of public sources of finance in the implementation of
mitigation activities,
Acknowledging the role of various approaches, including opportunities for using
markets, to enhance the cost-effectiveness of, and to promote, mitigation actions, bearing in
mind different circumstances of developed and developing countries,
Noting that Parties may, individually or jointly, develop and implement such
approaches in accordance with their national circumstances,
79. Emphasizes that various approaches, including opportunities for using markets, to
enhance the cost-effectiveness of, and to promote, mitigation actions, bearing in mind
different circumstances of developed and developing countries, must meet standards that
deliver real, permanent, additional and verified mitigation outcomes, avoid double counting
of effort, and achieve a net decrease and/or avoidance of greenhouse gas emissions;
80. Requests the Ad Hoc Working Group on Long-term Cooperative Action under the
Convention to conduct a work programme to consider a framework for such approaches,
with a view to recommending a decision to the Conference of the Parties at its eighteenth
session;
81. Invites Parties and admitted observer organizations to submit to the secretariat, by 5
March 2012, their views on the matters referred to in paragraphs 79 and 80 above,
including their experiences, positive and negative, with existing approaches and
mechanisms as well as lessons learned;
82. Requests the Ad Hoc Working Group on Long-term Cooperative Action under the
Convention to conduct one or more workshops with Parties, experts and other stakeholders,
including an in-session workshop at its session to be held in conjunction with the thirty-
sixth sessions of the subsidiary bodies, to consider the submissions referred to in paragraph
81 above and to discuss the matters referred to in paragraphs 79 and 80 above;
83. Defines a new market-based mechanism, operating under the guidance and authority
of the Conference of the Parties, to enhance the cost-effectiveness of, and to promote,
mitigation actions, bearing in mind different circumstances of developed and developing
countries, which is guided by decision 1/CP.16, paragraph 80, and which, subject to
conditions to be elaborated, may assist developed countries to meet part of their mitigation
targets or commitments under the Convention;
84. Requests the Ad Hoc Working Group on Long-term Cooperative Action under the
Convention to conduct a work programme to elaborate modalities and procedures for the
mechanism referred to in paragraph 83 above, with a view to recommending a decision to
the Conference of the Parties at its eighteenth session;
85. Invites Parties and admitted observer organizations to submit to the secretariat, by 5
March 2012, their views on the matters referred to in paragraphs 83 and 84 above,
including their experiences, positive and negative, with existing approaches and
mechanisms as well as lessons learned;